I've been a landlord a few times in the past. It appears I will be purchasing one single family home rental property within the next few months and I ran some numbers last night. I started this thread sort of as a catch all and also for other landlords to chime in on my questions.

Here's the monthly expenses I listed:
Mortgage
Taxes
Insurance
Yard
Pool upkeep --- if there is a swimming pool
Electric & Gas
Water, Sewer, and Trash/Garbage
Cable, Internet --- if I provide
Repair contingency

What am I forgetting?
We don't have annual snow fall accumulation.
How much should the Repair Contingency be; i.e. how much money should I put away for un-expected repairs?

The homes I'm considering were built from 1972 - 1978. I haven't been in any; however, the outside and inside pics indicate all have been well maintained. I might be doing kitchen and bath updates prior to renting.

__________________
daw_two
Germantown, TN

Links:
Sold last car --- 05/2012 1984 300D Light Ivory, Red interior
Cluster Needles Paint
New Old Stock (NOS) parts

Past:
3/2008 1986 300SDL "Coda"
04/2010 1965 190D(c) "Ben"
& many more